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Obsidian Energy Ltd T.OBE

Alternate Symbol(s):  OBE

Obsidian Energy Ltd. is a Canada-based exploration and production company. The Company operates in one segment, to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin directly and through investments in securities of subsidiaries holding such interests. It has a portfolio of assets producing around 35,700 barrels of oil equivalent (boe) per day. Its operating areas include Cardium, Peace River and Viking areas of Alberta. Its Cardium asset is a fully delineated and de-risked asset. It is focused on manufacturing repeatable low-decline and high-netback light-oil wells across its Cardium land base. The Viking is a light oil, horizontal development play located in central Alberta. Its operations are focused on the Esther area. Peace River is a stable, cold-flow, base production asset. It operates on a contiguous and an acreage within the heart of the Peace River Oilsands region.


TSX:OBE - Post by User

Comment by kavern23on Dec 21, 2021 10:12pm
72 Views
Post# 34253056

RE:RE:RE:RE:RE:RE:Today...

RE:RE:RE:RE:RE:RE:Today...

I would take a 4.45 close tomorrow.  To get past that tomorrow we likely need some many right things to fall into place.

Either gasoline inventory numbers or USA oil production have the potential to sink things back to 4.24 or lower.

During Omi'con' the market will look for any reason to sell down. A 5 m gasoline build while unliklely would be -2  or more....

Fingers crossed big oil draw and med to smallerish gasoline build.

Kramerkarma wrote:
no I had thoes JOY I sold at 2.09/2.10 for OBE at 4.26... I was expecting more like IPO (JOY) to stall out with this pull back after run up. I guess not so kinda lost a little (would be profit) today. Looked at ITE and PNE both had good news. ItE with 10.2% dividend and PNE with 5mill debt add 20M /1,900 boe. To make 21k boe. But it's a long game and OBE has to start running soon. 240M/yr 22' (current prices) after capex on a 384Mcap or 793m EV is just silly.

 

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